b'Strategic report Governance Financial statementsCompany balance sheetAs at 31 March 2020As at As at31 March 31 March2020 2019Note 000 000AssetsNon-current assetsProperty, plant and equipment 37 115 139Right-of-use assets 38 597 Investments in subsidiary undertakings 39 40,133 23,533Trade and other receivables 40 91,000 74,500Total non-current assets 131,845 98,172Current assetsTrade and other receivables 40 530 299Short-term liquidity investments 6,215 5,188Cash at bank and in hand 16,669 13,815Total current assets 23,414 19,302Total assets 155,259 117,474Current liabilitiesTrade and other payables 41 (1,058) (374)Lease liabilities 42 (117) Total current liabilities (1,175) (374)Non-current liabilitiesLease liabilities 42 (473) Total non-current liabilities (473) Total liabilities (1,648) (374)Net assets 153,611 117,100EquityIssued share capital 43 4 3Share premium 43 81,644 49,324Other distributable reserve 44 70,000 70,000Retained earnings 98 (3,564)Share-based payments reserve 1,865 1,337Total equity 153,611 117,100The Companys profit for the year was 3,662,000 (2019: 1,259,000).The notes on pages 103 to 107 are an integral part of these financial statements.The Company financial statements of Mercia Asset Management PLC, registered number 09223445, on pages 101 to 107 were approved by the Board of Directors and authorised for issue on 13 July 2020. They were signed on its behalf by:Dr Mark PaytonMartin GlanfieldChief Executive OfficerChief Financial OfficerMercia Asset Management PLC 101Annual Report and Accounts 2020'